IPO Stream — IPOs-A-Plenty This Week — July 27–31, 2026
IPO STREAM
FIRST IN WINS
THIS WEEK IS FIRE!!!!
IPOS-A-PLENTY
Week of July 27 – 31, 2026 · ipostream.com
8 IPOs This Week · Restaurant · Fashion · Biotech · Industrial · Rare Earths · Optics · Dining · Web3 · Published July 27, 2026
Good morning! It's a mixed but active week on the IPO calendar — three larger traditional offerings and five smaller ones clustered toward the end of the week. Let's get right into it.
THIS WEEK AT A GLANCE
| Company |
Ticker |
Raise |
Price Range |
Pricing |
| Jersey Mike's Subs |
JMKE |
$1B |
$21–$25 |
Thu Jul 30 · NYSE |
| Reformation |
REF |
$225M |
$15–$17 |
Thu Jul 30 · NYSE |
| Apnimed |
APMD |
$160M |
$14–$16 |
Fri Jul 31 · Nasdaq |
| BW Industrial |
BWGC |
~$17M |
$6–$7 |
Wk Jul 31 |
| IMC Rare Earths |
IMC |
$20M |
$4–$6 |
Wk Jul 31 |
| MetaOptics |
MOT |
~$18M |
$5–$7 |
Wk Jul 31 |
| Riku Dining |
RIKU |
$25M |
$4–$6 |
Wk Jul 31 |
| Web3Labs Global |
MDAT |
~$28M |
$4–$5 |
Wk Jul 31 |
THE BIG THREE — THURSDAY & FRIDAY
Blackstone-Backed · NYSE Thu Jul 30 · 3,300+ Locations
|
Jersey Mike's Subs
JMKE
|
Quick-Service Restaurant
|
|
Raise / Price
$1B @ $21–$25
|
Lead Underwriters
Morgan Stanley, Jefferies
J.P. Morgan + large syndicate
|
Also includes
Barclays · GS · BofA · Guggenheim · Evercore · UBS · Baird · WF · WB · RBC · DB
|
The Blackstone-backed sandwich chain with 3,300+ locations — the biggest deal of the week by a mile. Steady same-store sales, classic franchise cash-flow model. Morgan Stanley, Jefferies, and J.P. Morgan leading a massive syndicate that also includes Goldman Sachs, BofA, Evercore, UBS, and many more.
This tests whether public investors still reward proven, high-volume quick-service brands. Defensive consumer exposure if growth stocks cool — this is the name everyone will be watching Thursday.
NYSE Thu Jul 30 · $500M+ Revenue · Purpose-Driven Brand
|
Reformation
REF
|
Sustainable Fashion
|
|
Raise / Price
$225M @ $15–$17
|
Lead Underwriters
J.P. Morgan, Morgan Stanley
+ Citi, RBC, Guggenheim, BTIG +
|
Shares
14.1M shares
|
The sustainable womenswear brand with $500M+ in revenue — a strong direct-to-consumer and store presence, with sustainability built into the DNA rather than bolted on as marketing. One of the cleaner apparel stories to come public in a while. Could appeal to investors paying up for purpose-driven consumer names with consistent top-line momentum.
Nasdaq Fri Jul 31 · Phase 3 Complete · NDA Submitted
|
Apnimed
APMD
|
Sleep Apnea Biotech
|
|
Raise / Price
$160M @ $14–$16
|
Underwriters
BofA · Evercore ISI
Cantor · LifeSci Capital
|
Valuation
~$600M implied
|
Developing an oral treatment for obstructive sleep apnea — lead candidate has completed Phase 3 and the NDA has already been submitted. A relatively de-risked late-stage biotech story in a large unmet-need market. BofA, Evercore ISI, Cantor, and LifeSci Capital underwriting.
THE SMALLER FIVE — WEEK OF JULY 31
Industrial / EPC
BW Industrial
BWGC · NYSE American
~$17M · $6–$7
Sole UW: Eddid Securities
Houston EPC firm building critical process systems for semiconductors, batteries, and advanced manufacturing. Profitable with real revenue — rare at this size.
|
Rare Earths / Brazil
IMC Rare Earths
IMC · NYSE American
$20M · $4–$6
Roberts & Ryan, Revere Securities
Ionic-adsorption clay deposit in Brazil targeting magnet rare earths (Nd, Pr, Dy, Tb) for EVs, wind, and defense. Pure play on Western supply diversification away from China.
|
Metalens / Optics
MetaOptics
MOT · Nasdaq Uplisting
~$18M · 3M ADS @ $5–$7
Roth Capital, Benchmark Co.
Singapore-based metalens company uplisting from Catalist to Nasdaq. Ultra-thin flat optics for cameras, AR/VR, and medical devices. Speculative micro-cap deep tech.
|
Restaurant · Japan / HK
Riku Dining Group
RIKU · Nasdaq
$25M · 5M shares @ $4–$6
Sole UW: Eddid Securities USA
Ajisen Ramen in Canada + yakiniku/café concepts in Hong Kong. Has been attempting to IPO for weeks. Small restaurant IPOs are always high-risk, but the dual-market Japanese-food focus gives it a clear niche story.
|
|
Web3 / Blockchain · Hong Kong
Web3Labs Global
MDAT · Nasdaq · ~$28M · 6.3M shares @ $4–$5 · Eddid Securities USA
|
Consulting, incubation, and operational support for blockchain startups with relationships across several public chains. Pure-play bet on the next phase of Web3 infrastructure in Asia — interesting only for those already comfortable with the sector's volatility.
Three solid mid-to-large deals and five much smaller, higher-risk names. Always check the latest filings on EDGAR before making any decisions — terms can still shift. We've already seen that with RIKU, which has been attempting to IPO for weeks.
"Have a good week."
Tim
IPO Stream
